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Minexcoin Presents the «Four-Functions» Development Strategy

Minexcoin Press Release

Bitcoin Press Release: Minex Systems Limited”, a Hong Kong registered company, specializes in blockchain product development. The company offers solutions which work on the unified MinexSystens ecosystem and include the best of both conventional financial and crypto worlds. Why the economy of the future cannot exist without the experience of the past.

May 15, 2018. Kyiv, Ukraine: Evolution underpins the entire universe. The ability to natural development determines how successful the species will be: their survival, adaptability, reproduction, etc. The most interesting is that Evolution theory is true not only for living organisms. Even human-made things, more or less, are constantly evolving. Let’s look around: your smartphone, car, or laptop are constantly being modified and fine-tuned. Moreover, the money in your wallet goes through this process too.

In the world of economics, money is a universal equivalent serving as a measure of the value of any goods and services and capable of directly exchanging on them. To qualify as “real money” this equivalent must have four essential functions. It must be:

These four functions are interrelated. To become full-fledged money any asset has, step by step, acquire each of these characteristics, or put simply, has to evolve. The more functions it has, the more real money “choose-any-thing” becomes.

Means of saving and accumulation

This function is the basis for most assets – securities, jewelry and even utility-tokens. Under the inflation, money isn’t very suitable for preserving value. It needs either a mechanism or an instrument allowing to accumulate wealth without fear of losing the value. In the MNX system, a product called Minexbank (or an autonomous algorithm for smoothing the volatility) is responsible for this function. One of its tools is called “Parking.” Because of it, each MNX holder is free not only to keep assets but also to receive interest for “hodling.” At the time of publication, the interest rate is about 70% per annum.

Equivalent of value

This function allows you to refer the value of goods and services as monetary units (as the distance is measured in meters or kilometers). The two most understandable examples from the crypto-world how it works are ETC and BTC. The first, as already mentioned, is the equivalent of the value in the Ethereum platform. The second, because of its history and nature, is usually considered as a benchmark for all other cryptocurrencies. Based on its value the altcoins price is calculated, it uses for transferring and exchanging to the fiat currencies.

According to the Minexcoin team, to acquire this function, MNX needs to generate a competitive advantage, namely, to make MInexcoin more comfortable and profitable than BTC as an instrument to input or output crypto into the fiat currencies.

In the Minexcoin ecosystem, several products are playing a role of the equivalent of value. Own bank cards will make it possible to pay with MNX even where payments by digital assets aren’t provided. ATMs and a Trustless exchanger working on Atomic Swap technology will allow any person to quickly buy or exchange their fiat money or digital assets into MNX or other cryptos. That is, MNX creates a gateway between the digital and the real worlds.

Means of payment

Due to this function money is used by economic entities to liquidate all kinds of debt on their financial commitments. On the simplest scheme, it works like this Goods > Debt > Money. By the evolutionary model, until your asset is considered as a Means of saving and Equivalent of value, this function will be unavailable to it.

Minexcoin solves this problem by the gradual and complex development of the project. As soon as the coin becomes the equivalent of value, users will be presented with two products – MinexMerchant and MinexMarket. The first, with the help of the core API, will allow merchants to quickly and conveniently accept MNX for payments. The second product will be a marketplace where ordinary people can exchange goods or services paid by MNX.

Means of circulation

This function assumes that money is an intermediary in the exchange of goods and services, which ensures the circulation of goods on the market. In contrast to the inconvenient barter, in this case, money does not stay long in the hands of buyers or sellers. Money passes from hand to hand performing this function fleetingly.

To become a Means of circulation MNX will use a product named MinexPlatform. Scheduled for the third quarter of 2018, it will be a kind of a platform for developers or startups. Thanks to the power of the MinexSystems team and the possibilities of the coin itself, the business will receive a tool for creating any digital values ​​based on MNX.

The Conclusion

MNX has only the first function of four so far, but the plans of its developers are ambitious. A holistic vision of Minexcoin system allows this project to play a long game step by step approaching the concept of cryptocurrencies to the concept of money. Their next step is the release of MinexWallet which, by the way, is the basis to garner all the missing functions of real money by this project.

Is it possible for the team? Well, yes because first products have already been successfully brought to the market and the team continues to expand. At the same time, minimal or even no fee commissions for the whole family of products promise to make this ecosystem outstanding. According to the team, average MNX commission will be tens, if not hundreds, times less than in Bitcoin or Ether networks.

For more Information, visit the Minexcoin website at – https://minexcoin.com
Follow Minexcoin on Twitter – https://twitter.com/minexcoin
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin
Find Minexcoin on Facebook – https://www.facebook.com/minexcoin
YouTube: https://www.youtube.com/channel/UC0W1HCOVEOyCse6yQbRDfxg

Media Contact

Contact Name: Alexey Marinich
Email: amarinich@minexsystems.com
Location: Kyiv, Ukraine

Minexcoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post Minexcoin Presents the «Four-Functions» Development Strategy appeared first on Bitcoin PR Buzz.

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Minexcoin Presents the «Four-Functions» Development Strategy

bitcoin press release, blockchain, cryptocurrency, decentralized, Decentralized exchange, digital currency, Kyiv, minexcoin, minexsystems, token sale, Ukraine, ultimate executive, virtual currency

Upgraded Minexcoin Roadmap: Debit Cards, Atomic Swaps, Green Algo and other 2018 goals

Bitcoin Press Release: MinexSystems has proudly updated its 2018 roadmap. The blockchain solutions company has numerous offerings listed for this year, including debit cards, Atromic Swaps, Green Algo and many more.

16 February 2018, Kyiv, Ukraine – On February 05 2018, MinexSystems, a blockchain solutions company for such products like Minexcoin and MinexBank, officially released their updated 2018 roadmap. While both traditional and crypto-markets are having not the most comfortable times, it seems that Minexcoin team has developed a firm plan how to pass through them benefiting crypto-community. The roadmap extends until the fourth quarter of 2018, designated to enlarge a holistic ecosystem for MNX.

The company believes that 2018 will become a year when decentralized payment methods will receive great support among not only crypto-enthusiast but an ordinary people too. In this publication, we take a look at the milestones in the roadmap and how they will help Minexcoin moving forward. A roadmap release starts by mentioning the progress of existing solutions – Minexcoin, Minexbank, and MinexWallet.

The team says that MNX has a lot of developmental pathways. In 2018 developers will focus on several directions at once, which will allow to strengthen, take the niche of the system, and move closer to the top-ranked payment system in the world. As for MinexBank, it is already in the homestretch of autonomous volatility smoothing algorithm final testing. Since the end of last year, the bank’s system was utterly re-architect and qualitatively improved. Now MinexBank waits for some cosmetic and usability improvements. Also by the end of the first quarter, the team is planning to please the community with the iOS version for mobile banking. After the app’s launch, it expected to release a new version of hard-wallet. You’ll find an improved interface, entirely new design, and quality UX in it says in Roadmap

First big releases scheduled in the first quarter will be MNX Atomic Swaps and an alpha version of the decentralized exchange. Minexcoin will become one of the few coins which blockchain enables direct peer-to-peer exchange transaction across separate chains. Right after the presentation of working code team plans to contribute an interest-free exchanger for MNX/BTC and MNX/LTC pairs to the community.

After the final alpha version debugging, a decentralized exchange will be officially released. Thanks to Atomic Swaps, it will provide a high level of security with as low commissions for traders as it possible at the same time.

The second quarter also will begin with two exciting releases. First is the Web&Mobile wallets that allow using MNX without the need to download blockchain, install software, etc. Second is a Debit Cards Launch which will enable to pay in MNX around the world. In short, the system will be able to convert your virtual currency into fiat so that all markets will be open for you. Even those where this kind of payments is not provided.

As soon as MNX received new payment possibilities, there will be released three different products to enhance Minexcoin usability as a payment service. MinexMerchant will allow adding MNX as a payment tool to any business. With  MinexMarket users will be able to sell – virtual or real – goods and services. And MinexPlatform will become an ultimate tool for creating any kinds of digital values. The platform will work in two versions – standard and enterprise-expansion for business. It’ll be a set of blockchain-based solutions combined into one family like any office or design application suites. Without the need to study the code you’ll be able to create decentralized registries, issue your tokens, or create smart contracts for different business needs.

For the fourth quarter company announces the preparing of foundations for developing Green Algo and own Decentralized Computer. Upgraded algorithm for MNX blockchain will make possible to spend mining capacities not only on calculations for the sake of calculations, but to guide it for the benefit of society (for science or health-care needs, for example). The Decentralized Computer will become a virtual Turing environment for performing smart-contracts in the Minexcoin network and will open to the company a whole range of new opportunities for 2019.

CEO and founder of MinexSystems, Boris Shulyaev, had these words to say about the project –

Those who closely follow our project may have noticed that updated roadmap is slightly different from our last year’s plans. Often new ideas appear during work processes of work: we understand that some technologies become outdated, while others, on the contrary, become relevant for MinexSystems development. This roadmap covers precisely that timeline which we can plan. As for 2019 goals, it’s too early to talk about them; however, our team already has some ideas for the next year.”

Along with general insights, updated roadmap makes clear that 2018 will be a revealing year for Minexcoin. Once the products mentioned above are launched in the way they are planned to be it is highly expected that we would see a new Name joining the short-list of the biggest crypto-players. Let’s see how they would handle it.

For more Information, visit the Minexcoin website at – https://minexcoin.com
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Thread on BitcoinTalk – https://bitcointalk.org/index.php?topic=1847292.0
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin

Media Contact

Contact Name: Alexey Marinich
Email: amarinich@minexsystems.com
Location: Kyiv, Ukraine

MinexSystems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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Upgraded Minexcoin Roadmap: Debit Cards, Atomic Swaps, Green Algo and other 2018 goals